All articles by Alec Mattinson – Page 42
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NewsCity News: Haleon posts strong growth in first listed results amid Zantac battle
Former GSK consumer arm Haleon posted strong double-digit growth in its first financial results as a listed company, although investors were more interested in its tough stance against its former parent over Zantac litigation. The recently spun-off consumer health group saw organic revenue growth of 11.6% in ...
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Analysis & FeaturesOC&C Global 50 food and beverage rankings: how fmcg giants are tackling inflation
The world’s fmcg giants survived the pandemic. Now they’re facing into rampant inflation. Are they agile enough to handle rising costs, changing shopper habits and geopolitical volatility?
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NewsNestlé UK revenues approach £2bn after out-of-home rebound
The rebound in out-of -home sales and hybrid working habits helped Nestlé UK grow revenues to near £2bn last year, but mounting cost pressures suppressed profits
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NewsGlobal 50 report shows strong growth for consumer giants
The globe’s consumer goods giants hit their highest growth levels for a decade last year amid a post-Covid resurgence according to the OC&C/Grocer Global 50
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NewsMedia Bites 23 September: Morrisons, Consumer confidence, Lidl
Trevor Strain, Morrisons’ chief operating officer and previously its finance chief, is reportedly close to finalising his departure
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NewsCity snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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NewsMedia Bites 22 Sep: M&S, Co-op, Eataly
Marks & Spencer is giving staff their second pay rise this year as part of a £15m cost-of-living support package
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NewsMedia Bites 21 Sep: Holland & Barrett, Haleon, Sainsbury’s
The owner of Holland & Barrett is plotting to buy back nearly £900m of debt as part of a restructuring aimed at restoring it to a stable financial footing
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NewsCity snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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NewsCity News: Naked Wines shares hit after unscheduled business update
Naked Wines has seen its shares tank this week after shocking the market with suggestions it would need to shift strategy to deal with falling consumer demand and rising costs
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NewsCity snapshot: UK retail sales slump as consumers cut back spending
UK retail sales volumes slumped by 1.6% in August 2022, continuing a downward trend since summer 2021 as inflation and economic uncertainty hits consumer spending
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NewsMedia Bites 16 Sep: John Lewis Partnership, THG, Hilton Food Group
John Lewis needs a Christmas miracle to pay staff annual bonus after the department store racks up near £100m half-year loss
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NewsCity snapshot: John Lewis Partnership plunges to £92m first half loss amid Waitrose slowdown
John Lewis Partnership has plunged to a £92m first half loss amid falling Waitrose sales and a wider slowdown of consumer spending. Plus, Hilton Food Group warns on second half performance, THG takes margin hit amid inflationary pressure and all the rest of the latest news from the City
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NewsMedia Bites 14 Sep: Ocado, Morrisons/Aldi, Fever-Tree
Grocery sales will fall at Ocado this year for the first time in the company’s history as customers cut back orders in response to rises in the cost of living
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NewsCity snapshot: Aldi overtakes Morrisons as grocery inflation soars to 12.4%
The UK’s big four grocers are no more as Aldi has overtaken Morrisons’ market share as private label sales continue to grow amid soaring inflation. Plus, Ocado returns to growth in Q3, FeverTree first half sales rise but shipping costs hit profits and all the rest of the latest news from the City.
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NewsMedia Bites 12 Sep: Wilko, FeverTree, UK economy
Discount retailer Wilko is unilaterally changing its schedule of rent payments to conserve cash, as high street chains buckle under cost pressures
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NewsCity News: Associated British Foods issues gloomy forecast as Primark is hit by ‘market volatility’
Associated British Foods became one of the first major consumer multinationals to downgrade profit expectations this week, warning its Primark retail business would be hit by the strength of the US dollar and “significant market volatility”
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NewsS-Ventures seals deal for German free-from brand Lizza
The deal for the pasta and bread supplier is part of a wider tie-up with Lizza’s former owner Peter Cremer Holding
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NewsCity snapshot: Diageo sells Archers Peach Schnapps to De Kuyper
De Kuyper Royal Distillers has acquired ‘British icon’ Archers Peach Schnapps from Diageo.
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NewsCity snapshot: ABF warns on profits as currencies and economic volatility weigh on Primark
ABF has warned its profits next year will be hit by the strength of the US dollar and ‘signficant market voility affecting costs’, which will hit margins at its Primark retail arm.